Who is honoring and not honoring their Lease Bonus drafts?
There has been a lot of concern and wonder as to which o&g companies are going to pay up when their lease bonus money drafts come due and who are going to let the leases simply expire. I think it would be helpful for everyone if you have a draft that has recently been honored, for you to post 1) the date the draft was made, 2) the date it was honored, and 3) the o&g company who honored their draft. And if you have been told by an o&g company that they will not honor their draft, that would be helpful too. Also, the bonus/acre amount honored or not honored would be helpful. I think this will give everyone a better idea about what to expect with outstanding drafts from the various companies.
Thoughts?
Thoughts?
Views: 423
Replies to This Discussion
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Permalink Reply by lampdog2 on
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Dear EAST TEXAS I am in the same boat you are in. Who is your attorney?
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Permalink Reply by EAST TEXAS on -
I am using Dean Searle from Marshall (he was recommended to me by a friend). From My understanding they can not, just not honor the draft, once the lease is filed at the Courthouse. They have to pay the agreed price, since the lease was filed. My landman also called me and offered 1,500.00 an acre the about the same time Mr. Searle sent the letter. But the 1,500.00 an acre is a far cry from the 14,000.00 we signed for back in August. They have ruined anyone in this area from taking a draft from an oil company. I was told after I signed that CHK was the worse o&g company to deal with.
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Permalink Reply by walter on
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Oh darn, I guess you can all lease to no one since Chespeake and a few other suckers has ruined
everyone by passing out free money like a bunch of idiots. I bet the
companies that are still planning on drilling in the HS have plenty of
acreage already leased so anyone that feels hurt can just hange on to their
unlesed acreage and get nothing.
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Permalink Reply by Skip Peel - Mineral Consultant on
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walter. I think it's Dr. Phil's site that you're looking for.
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Permalink Reply by BirdDawg, plain ole' idiot on
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Walter,
Don't know if reality does, but whatever is bothering you must really hurt. Because you sound like one miserable person. Why don't you leave the rest of us out of your misery? I, for one, could care less about your opinion.
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Permalink Reply by Cathaus on
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Hey Walter,
I would like to introduce you to Jack Spot. You two would make a lovely couple!
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Permalink Reply by Skip Peel - Mineral Consultant on
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EC. We get walters passing through on a regular basis. This is a social networking site after all. Just some folks are more social than others. Some of us prefer to take the tongue-in-cheek course of response. There's little to be gained by disagreeing or arguing with the walters of the world.
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